Industry News
Ex-Meditech CEO to head WA firm Acuron
Three months after being forced to step down as CEO of Melbourne biotech Meditech (ASX:MTR) after a shareholder stoush, expat South African Chris Carter has been appointed CEO of Western Australian minerals-explorer-turned-biotech Acuron (ASX:AVP). [ + ]
NICTA research centre for Queensland
National ICT Australia (NICTA), Australia's centre of excellence in Information and Communications Technology research, has announced an agreement with the Queensland government to set up, in partnership with Queensland Universities, a NICTA laboratory in the state.
[ + ]Gradiflow to play role in hep C project
Chronic hepatitis C patients at risk of liver failure, of cancer or the liver may take heart from a joint venture announced this week between Sydney company Life Therapeutics (formerly Gradipore) (ASX:GDP) -- and Italian blood-products company Kedrion, based in Naples. [ + ]
Chemeq cuts jobs, delays US marketing
Veterinary drug developer Chemeq Ltd (ASX:CMQ) announced today it would reduce its staff by 15 per cent - 11 people - and delay its work towards entering the US market, because of the likely time and cost involved in securing independent regulatory approval from the powerful US Food and Drug Administration. [ + ]
Senator warns on stem cell complacency
Australian Democrats senator Natasha Stott Despoja has warned Australian stem cell researchers not to be complacent as the review on the 2002 cloning and stem cell legislation draws close. [ + ]
Stem cell debate set to reopen
Stem cell researchers are gearing up for the reopening of the stem cell debate next year, when federal government legislation covering the use of spare IVF embryos and the moratorium on therapeutic cloning -- otherwise known as nuclear transfer -- comes up for review. [ + ]
Commercialisation still coming into focus
A new survey of commercialisation activity in Australia's universities, medical research institutes and national research agencies shows they are lagging well behind their Canadian and US counterparts. [ + ]
In brief: Biotech Capital sells Xenome; C3 shares suspended
Biotech Capital (ASX:BTC) announced late yesterday that it had reached agreement to sell its entire stake in investee company Xenome to Queensland Investment Corporation. [ + ]
NeuroGrid up and running at Florey Institute
Reseachers at the Howard Florey Institute in Melbourne are developing computing systems capable of storing and analysing large datasets from MRI scans of the brain, using grid computing technology to improve data management and analysis. [ + ]
Angels' wings stretched by funding gap
A new report has found that US angel investors are pumping more than ever into the market, but that a shortage of later-stage capital is forcing them to stretch their investment into the post-seed stage. [ + ]
Xenome faces shareholder exodus as Cytopia pulls out
Cytopia (ASX:CYT) has sold its 22 per cent stake in unlisted Queensland biotech Xenome to Queensland Investment Corp (QIC) for more than AUD$3 million. [ + ]
Microbes vs Minoans: environmental biotech gets tough
Western society is wasteful of its water, a Sydney meeting heard today -- and the Minoans are to blame. [ + ]
Students solve universal lab problem
A team of students at the Howard Florey Institute has won a national award for developing the most innovative product in the Young Achievers Australia Biotechnology Entrepreneur program for 2004. [ + ]
AusIndustry outlines Commercial Ready criteria
The federal government is gearing up to distribute more than AUD$200 million per year as part of its revised and re-badged grant scheme, Commercial Ready. [ + ]
Genesis pins hopes on skin vaccine trial
New Zealand genomics and drug-development biotech Genesis Research and Development Corporation (NZSX/ASX:GEN) is keenly awaiting the unblinding of its Phase II clinical trial results for its AVAC vaccine for atopical dermatitis, after its UK partner's experimental vaccine failed to exhibit any benefit in children with eczema.. [ + ]